Summary and analysis of Dublin's current industrial real estate market conditions.
Insight
Dublin Industrial Market Dynamics, Q1 2025
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Q1 2025 recorded relatively robust industrial leasing volumes with 606,000 sq.ft. This was a 35.7% increase on the average 2024 quarterly volumes and an increase of 237% from Q1 2024.
Beyond the total volume, the number of transactions also points to a healthy market. Twenty-eight deals were completed in the first quarter, double the number recorded in Q1 2024, although still 9.2% below the five-year quarterly average.
Leasing volumes are anticipated to trend below long-term averages in 2025, and stock scarcity is expected to be a prominent feature in the market until the pipeline catches up. However, a few notable large requirements are expected to be signed over the coming months.